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Fox Business Network





Network Information

  Network Name Fox Business Network
  Network Type Cable Television Network
  Available <br>
  Owner News Corporation
  Network FOX
  Launch Date October 15 , 2007 http://wwwmarketwatchcom/news/story/fox-start-business-channel-broadcasts/storyaspxguid=%7B452AB62D%2DFF7F%2D4FCC%2DB7CB%2DF79AD2DA11D0%7D&dist=hplatest
  Website foxbusinesscom


The Fox Business Network, is an upcoming United States -based Cable and Satellite News channel. It is owned by Rupert Murdoch 's News Corporation . The network's initial audience is expected to be above 30 million people when the network launches on October 15 th, 2007 . It is a spin-off from Fox News Channel .

Fox chairman Rupert Murdoch confirmed the launch at his Keynote Address at the 2007 McGraw-Hill Media Summit on February 8 , 2007. Day-to-day operations will be run by Kevin Magee , executive vice president of Fox News ; Neil Cavuto will manage content and business news coverage. The channel will also broadcast worldwide including Australia .http://www.theaustralian.news.com.au/story/0,20867,21383179-7582,00.html

Murdoch has publicly stated that if the purchase of the , 2007 , the parent company, News Corp., announced that the new channel will be called Fox Business Network
(FBN) http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&Date=20070711&ID=7152992]. This is because the official business name of the Fox Television Network is ''Fox Broadcasting Company'', and they already utilize the FBC initials http://www.mediabistro.com/tvnewser/fox_biz/fbn_is_a_better_abbreviation_than_fbc__63227.asp.

paid up to "several million dollars" in order to ensure that CNBC and Fox Business would be separated on the dial, and in order to retain CNBC's "premium" channel slot. http://www.multichannel.com/article/CA6475668.html However, it is important to note that FBN will only be available on cable in New York under Time Warner Cable; it will be on TWC's digital platform for all other markets. http://www.broadcastingcable.com/article/CA6476801.html


CNBC VS. FOX BUSINESS

Although few specifics have been made public as to the type of programming approach Fox Business plans to take, some details have emerged as to how it plans to differentiate itself from its main competitor, CNBC .

  • At a media summit hosted by BusinessWeek magazine, Rupert Murdoch was quoted as saying CNBC is too "negative towards business". They promise to make Fox Business more "business friendly". http://www.multichannel.com/article/CA6414775.html?display=Breaking+News

  • It is expected that Fox Business will not be "poaching" a lot of CNBC's on-air talent in the immediate future, as most key on-air personalities have been locked into a long-term contract. However, that still leaves open the possibility of the network taking some of CNBC's other staff, including editors, producers and other reporters. http://www.marketwatch.com/news/story/cnbc-facing-scary-times---/story.aspx?guid=%7B2DC05D0C%2D3833%2D4E0D%2DB45C%2DBBCB45F35C27%7D

  • News Corporation, the parent company of Fox Business and Fox News Channels, has made a successful bid for Dow Jones, owner of The Wall Street Journal. However, CNBC has stated on air that it has a contract with Dow Jones until 2012.



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